Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-13
= - = Male. weakness and loss Of
pc promptly srred. asaSook. tecc1tsin
stamps. Worlds Difsen Say Mes#cal
Association, 665 Msfh street, BE&alo,
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NOT ENOUGH ELEVATORS.
a Cry for More Storage Room from the
Chicago Board of Trade.

Cry for Moro Storage Room from the
Chicago Board of Trade.
CHICAGO, Ill, June 1.-THE Board of
Trade people are up in arms against the
railIoad companies on account of the
lack of storage room now being
severely felt. The holders of
grain in the country would gladly bring
it here to take advantage of the high
prices now prevailing in the market, but
under the rules of the Board Of Trade,
wheat is not regular for delivery on
contracts till after 1t has been placed in
store in regular warehouse and re-
ce1pt issued therefor by the ele
vator firms. The holders CT wheat
in the country have, therefore,
been confronted with the impossibility of
getting their grain into elevators and the
presence ct not far from 5000 cars loaded
with wheat in The vicinity of Chicago has
been sufficient warning to them not to
try to send any more until addi-
tional facilities have been pre-
vided. Something has been done in
that direction within the last few
days. Other buildings, which will &C
commodate nearly 200, 900 bushels, have
been by the directors of the Board OF
Trade declared regular warehouses and
| the Pacific system has shipped
out nearly 1000, 900 bushels of other grain
TO make room for arrivals over the Mil
Yaukee and st. Paul lines, but these
measures are Inadequate. The ware
house men say the charges have lessened
SO that there is no inducement to provide
additional room when there is prospect
that it may be wanted. 1t costs not fer
from l cent per bushel to build
an elevator and the prospect
OF receiving three quarters of cent for
little while and the elevator standing
empty for three or four years
after offered no temptation to
build extra storage. President 4. M.
Wright of the Board of Trade, when asked
about the matter, said: "The railroads
have assumed to furnish all the storage
necessary to handle the grain
that comes to this market.
They have prevented any competition
on the furnishing of storage room, they
or their agents furnishing all of it
themselves. 1t is idle to talk about
the storage room in Chicago being occu-
pied and that 10 more can be furnished.
1t is competent for the roads to build ad-
dltional temporary storage which can
be made regular under the rules
of the Board of Trade to
any extent that may be necessary.
They have agreed to furnish US storage
room, now let them do it. II they wish
20 avoid their responsibility in the
future, let them throw open the
grain stores to competition in
Chicago and there will never hereafter be
any complaint that there is not enough
storage room for all the wheat in the north
west, if it desires to seek this market.
This lack of accommodation has created a
feeling of great bitterness, not
only on the board but throughout
the entire trade. 1t is compelling
grain, not wheat alone, but corn
and oats as well, to go by the city,
virtually blockadIng the business of the
city"
The fact that heavy holders of
wheat are shipping their wheat as
rapidly as possible has affected
the general condition SO that there is a
corner in progress. Vessel room was en-
gagged yesterday for 100000 bushels of
wheat and 100000 bushels of grain of ell
kinds.